Q: 42-year-old Srikanth C writes us from Bengaluru. I have invested in the following mutual funds:

1) HDFC Top 100(G): Invested Rs 3,100 per month via SIP for the last six years.

2) DSP Top 100 (G): Invested Rs 4,600 per month via SIP for the last five years.

3) Aditya Birla Sun Life Focused Equity Fund (G): Invested Rs 4,500 month per month via SIP for the last four years.

4) ICICI Prudential Credit Risk Fund: Invested Rs 3,000 per month via SIP for the last five years.

5) HDFC Children's Gift Fund: Invested Rs 2,000 per month via SIP for the last two years.

My time horizon is 15 years in each of these mutual funds. Do let me know the future of these funds. Is this a right investment?

A: Your total investment is Rs 17,000. You have allocated more than 80 percent in equity, which is fine (assuming you can digest some volatility) and primarily in large cap. You can have 30 percent of your investments in mid/small cap. In mid small cap category, you can invest in Franklin India Prima Fund or L&T Midcap Fund Direct Plan. Over the period of time, please revisit the asset allocation.